Mobiilimakse

Mobiilimakse, or mobile payment, is a payment method that uses a mobile device to initiate and settle a financial transaction. It covers payments made with smartphones, feature phones, wearables and other connected devices, for both in-person and online purchases. Transactions can rely on technologies such as NFC contactless payments, QR code scans, carrier billing, and in-app or mobile web payments.

Common models include NFC-based tap-and-pay with mobile wallets, QR-based payments where the user scans a code, carrier billing where charges appear on the mobile operator bill, and in-app or mobile web payments linked to bank accounts or card networks. Some systems also use USSD or SMS interfaces for basic services in areas with limited data coverage.

Security and authentication are central to mobiilimakse. Methods include tokenization, device binding, PINs, biometrics, and other risk-based checks. Regulators often require strong customer authentication for electronic payments, and providers must comply with data protection standards such as PCI DSS for card data and GDPR for personal information.

Regulatory and market context in many regions, notably the European Union under PSD2, emphasizes open banking, SCA, and interoperability of payment services. This has influenced how mobile payments integrate with bank accounts and card networks, and how consumer data is protected.

Advantages of mobiilimakse include convenience, speed, reduced cash handling, and easier integration with loyalty programs and e-commerce. Challenges encompass dependence on network connectivity and devices, merchant acceptance and interoperability, potential fees, and ongoing security concerns as technology evolves.